Risk of lower sales due to fluctuations in customer companies’ performance and weakening consumer sentiment
First written in FY2016. 4 of 11 entries say "Materialised", first in FY2020-Q3. Latest entry: 2026-07-15.
Transaction moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 18 of 24 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- 2026-07-15WorsenedPresentation materials for financial results
「顧客企業の「コスト急増」と「ナフサ不足」の二重ショックが発生。特に包装資材のコストが上昇し、食品値上げが顕著に。幅広い業界で販促予算に対する姿勢が一時的に慎重となった。」
顧客企業のコスト上昇と販促予算の一時的な慎重化が記載され、販売減少リスクに関する外部要因が追加された。 - FY2024-Q1MitigatedAnnual report
「As a result, sales of lifestyle products increased by ¥474 million, or 17.2%, year on year.」
Demand increased for games and anime, VTubers, 2.5D productions and sporting events following the easing of event restrictions, driving a 17.2% year-on-year increase in lifestyle product sales. - FY2023-Q3MitigatedAnnual report
「In industries related to music, stage performances and sporting events, the scale and number of events were trending upward and were expected to gain momentum in the coming season. We therefore strengthened sales activities to expand demand.」
In the event industry, including the music and stage-related sectors where recovery had previously been slow, the scale and number of events began trending upward, and sales activities were strengthened to expand demand. - FY2022WorsenedAnnual report
「Although the entertainment industry as a whole recovered, the slowdown in sales recovery in the music and stage-related sectors continued. We nevertheless pursued sales activities in anticipation of the revenge demand expected after the COVID-19 pandemic.」
The entertainment industry as a whole recovered, while the slowdown in sales recovery in the music and stage-related sectors continued. - FY2021MaterialisedAnnual report
「Although there were moves toward the reopening of various events, a pronounced polarization between strong and weak performance due to the prolonged state of emergency and priority preventive measures prevented sales from recovering to the previous fiscal year's level.」
Although events were beginning to reopen, the prolonged restrictions actually hindered the recovery of event-related sales. - FY2021-Q3MaterialisedAnnual report
「The intermittent declarations of a state of emergency and application of priority preventive measures slowed the recovery in direct event sales, particularly at events related to the music and stage industries.」
Although events were beginning to reopen, the state of emergency and other measures actually slowed the recovery in direct event sales. - FY2021-Q2WorsenedAnnual report
「Although there were moves toward the reopening of various events in the entertainment industry, the reissuance of the state of emergency slowed the recovery in direct event sales.」
Although events were beginning to reopen, the reissuance of the state of emergency was explicitly cited as slowing the recovery in direct sales. - FY2020MaterialisedAnnual report
「In the second half, the contraction, postponement and cancellation of various events due to the spread of infectious diseases made a decline in sales of event merchandise unavoidable.」
Restrictions on activities by customer companies and event organizers actually resulted in lower sales of event merchandise. - FY2020-Q3MaterialisedAnnual report
「As various events were postponed or cancelled in response to the declaration of a state of emergency and requests for voluntary restraint, event merchandise sales were significantly affected in the third quarter, making a decline in sales unavoidable.」
Restrictions on activities by customer companies and event organizers actually resulted in event merchandise sales being postponed or canceled and sales declining. - FY2017RestatedAnnual report
「If customer companies reduce or defer spending on sales promotions, including advertising and promotional expenses, due to conditions in their respective markets or the economic environment, this may affect the Group's results. We also sell general merchandise products to wholesalers and retailers. In addition to the performance of these companies, a decline in consumer purchases resulting from weakening consumer sentiment amid an economic downturn may affect the Group's results and financial condition.」
The risks of reductions or deferrals in customer companies' promotional spending, the performance of wholesale and retail companies, and declining consumer purchases continue to be described. - FY2016First statedAnnual report
「If customer companies reduce or defer spending on sales promotions, including advertising and promotional expenses, due to conditions in their respective markets or the economic environment, this may affect the Group's results. We also sell general merchandise products to wholesalers and retailers. In addition to the performance of these companies, a decline in consumer purchases resulting from weakening consumer sentiment amid an economic downturn may affect the Group's results and financial condition.」
Reductions or deferrals in customer companies' promotional spending, the performance of wholesale and retail companies, and declining consumer purchases are identified as risks.